We watched the movie "The Flaw" about the recent housing market failure. Students took notes and identify key terms and causes of the housing market. We look at several graphs that show causes and effects of the housing failure.
Students learned the following vocabulary
Good- An item you buy to use (a car, a refrigerator, a blender)
Asset- An item that you buy to sell later on and make more money on (stocks, baseball cards, bonds)
Income distribution- How much income is spread out between the rich and poor.
Peak- The highest price an asset is sold for before it declines (goes down in price)
Economic bubble- A certain market gets so big (like blowing a piece of bubble gum) that it can't sustain anymore and has a quick fast collapse. Several examples were provided in the movie and through lecture.
10/23/2014
We continued the movie "The Flaw." Students answered the following questions by watching the movie and my assistance and summarizing. I continuously stop the movie and break down complicated terms or concepts by draw diagrams and making real-world analogies and comparisons. We examined several charts in the movie and learned how to decipher information on them. We learned that a mortgage is a loan on a home. We learned about the Federal Housing Authority and why it was established. We learned more about the housing market and why it collapsed. We also learned how people were originally racially discriminated from getting loans and racist stipulations that made loans worth more. Students started to explore the idea of supply and demand with the housing market.
10/24/2014
We learned about the negative side of credit if it is not used carefully. We also learned how credit played a key role in both the Great Depression and the currect Financial Crisis. 10/27/2014
We will learn about predatory lending. Students will have a discussion and be provided an example of predatory lending. We will look at reverse mortgages and define equity. Students will draw a diagram and flow chart to demonstrate how equity increases. We will examine specific age, gender, and racial groups that are targeted through predatory lending. We will mathematically calculate and write captions for our calculations. We will also examine notorious companies that engage in predatory lending.
10/22/2014
We watched the movie "The Flaw" about the recent housing market failure. Students took notes and identify key terms and causes of the housing market. We look at several graphs that show causes and effects of the housing failure.
Students learned the following vocabulary
Good- An item you buy to use (a car, a refrigerator, a blender)
Asset- An item that you buy to sell later on and make more money on (stocks, baseball cards, bonds)
Income distribution- How much income is spread out between the rich and poor.
Peak- The highest price an asset is sold for before it declines (goes down in price)
Economic bubble- A certain market gets so big (like blowing a piece of bubble gum) that it can't sustain anymore and has a quick fast collapse. Several examples were provided in the movie and through lecture.
10/23/2014
We continued the movie "The Flaw." Students answered the following questions by watching the movie and my assistance and summarizing. I continuously stop the movie and break down complicated terms or concepts by draw diagrams and making real-world analogies and comparisons. We examined several charts in the movie and learned how to decipher information on them. We learned that a mortgage is a loan on a home. We learned about the Federal Housing Authority and why it was established. We learned more about the housing market and why it collapsed. We also learned how people were originally racially discriminated from getting loans and racist stipulations that made loans worth more. Students started to explore the idea of supply and demand with the housing market.
10/24/2014
We learned about the negative side of credit if it is not used carefully. We also learned how credit played a key role in both the Great Depression and the currect Financial Crisis.
10/27/2014
We will learn about predatory lending. Students will have a discussion and be provided an example of predatory lending. We will look at reverse mortgages and define equity. Students will draw a diagram and flow chart to demonstrate how equity increases. We will examine specific age, gender, and racial groups that are targeted through predatory lending. We will mathematically calculate and write captions for our calculations. We will also examine notorious companies that engage in predatory lending.